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ProfitBricks has received additional investments of $19.5 million, bringing private funding in the company to $38.3 million. ProfitBricks has established a subsidiary in the U.S., where it will compete in infrastructure-as-a-service with Amazon Web Services, Microsoft's Windows Azure cloud service and Rackspace Hosting.

Related Summaries

Home Depot is settling a lawsuit over a 2014 data breach by agreeing to pay at least $19.5 million to customers who were harmed in the event. Terms of the settlement, which must be approved by a federal judge, also include an upgrade to security protocols and the payment of legal fees. The breach affected more than 50 million customers.

Starwood Mortgage Capital has agreed to refinance the 100-room Iron Horse Hotel in Milwaukee with a $19.5 million first-mortgage loan. The property is "the top performing hotel in the market," said Ben Greazel, senior managing director of NGKF Capital Markets, which facilitated the deal.

About 700 people currently and previously living near a now-defunct Nevada copper mine have won as much as $19.5 million in damages from two companies they said concealed the extent of contamination to the local water supply. BP America and its subsidiary Atlantic Richfield did not acknowledge wrongdoing as part of the settlement, which the parent company described as "fair and reasonable." The Environmental Protection Agency found that the Anaconda mine, which was acquired by the companies in 1978, had dumped radioactive waste into unlined ponds and that 79% of wells tested in the area contained unsafe levels of uranium or arsenic.

Honu Group, the developer of the Outlets of Maui in Hawaii, has secured $19.5 million from Johnson Capital to redevelop the complex. Tenants will include Brooks Brothers, Calvin Klein and Coach. The retail center's existing anchors, Hard Rock Cafe and Ruth's Chris Steak House, will remain.